🚨 Bitcoin breaks $85K – highest level since January. The bears are paying the price. BTC has surged above $85K today, recovering from last week’s low of ~$75K. Around $650 million in short positions have been liquidated. This comes despite two “negative” events: the Clarity Act being halted and the Fed raising interest rates for the first time in years. Oil prices are falling, ETF flows have turned positive again, and strategy buyers are returning. Institutional perspective: The market has priced in the rate hike yet still closed higher. This isn’t just retail FOMO—it’s a squeeze combined with spot demand. Short-term: Open interest is rising, and leverage is returning. $82K is now support. Whether $85K was just a liquidation spike or the start of a new range depends on what happens above this level. Who’s still short? #Bitcoin #BTC #Institutional #Macro #Fed #Crypto